http://www.otcmarkets.com/stock/GBTC/quoteI can't remember the warnings that were on the page before but it looks like it was updated a bit today and shows BIT by Greyscale and OTC Pink. I wonder when it will go live.
Any chance for a poll update:
What day will GBTC trade openly on the NYSE?
-Monday
-Tuesday
-Wednesday
-Thursday
-Friday
-Next week or later.
I know I'll have my trading window up at market open tomorrow.
Not NYSE but OTC Markets. Monday is my guess.
Winkie ETF is a long way away, if it ever does happen. The Gemini exchange needs to happen first. Gemini exchange doesn't launch without Lawsky's regs.
I am quite curious as to what happens to GBIT once someone finally puts an ask in with their shares. While the volume of bids at this point is negligible, the interesting bit happens once they start getting filled. The longer those bids at $350/btc sit unfilled, the more bullish things appear (contrary to bears and trolls saying it's dead). It seems likely that no one can sell shares at this point. We don't see immediate action as these shares travel by post, secretaries, and primate entry. It's even slower than I expected.
There has to be at least one BIT investor with 12 month shares that is willing to sell at a 30% immediate gain. If not... that's even more bullish.
And the longer it takes the better bitcoin looks for moving assets with something like colored coins. The old system seems sooo slow.
I don't see why GBTC isn't being priced in already. There is a very good possibility that institutional money that CANNOT buy on the open market will flood into GBTC. The price of GBTC may very well be 10-20% higher than the exchanges for a while but as early adopters of BIT arbitrage, exchange prices have to follow.
Would long term BIT Trust holders convert to GBTC shares to sell as long as it is higher than their buy in and use profits to buy back BIT for a year? Would that help stop the premium on GBTC getting too high?
I think GBTC will be interesting to watch! We can see specific players and the bids/asks they create and not all these anonymous walls we are used to. Hopefully someone makes a bot that shows the walls with the traders listed!
Watching the creation of GBTC has been fascinating. 6 weeks?? since announcement with all the layers of regulations, lawyers, politicians, and third-parties that are needed to transfer assets securely. That's bitcoin's competition. LOL.
3000 bitcoin IOUs sold at Nasdaq Stockholm. I like the rate at which XBT Provider ABs offline wallet is sucking up coins from the market!
300
61969/200=309.845
3000
610,661 / 200 = 3,053.305
/ 9.66 = 316
(the turnover is in SEK)
And even after the clients have upgraded, the use of SW will be optional. Will there be incentives for the clients to use it?
They could easily add extra priority points for transactions that use sw.
And even after the clients have upgraded, the use of SW will be optional. Will there be incentives for the clients to use it?
They could easily add extra priority points for transactions that use sw.
Greg Maxwell aka nullc on reddit
https://www.reddit.com/r/Bitcoin/comments/3vurqp/greg_maxwell_capacity_increases_for_the_bitcoin/cxr73g3They're given priority by having a much lower effective size; meaning they'll be ranked higher for a given amount of fee paid, and thus mined quicker.